RBI imposes monetary penalty on The Shirpur Peoples’ Co-operative Bank Ltd., Shirpur (Maharashtra) The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2023, a monetary penalty of ₹3.00 lakh (Rupees Three lakh only) on The Shirpur Peoples’ Co-operative Bank Ltd., Shirpur (Maharashtra) (the bank) for […]
RBI imposes monetary penalty on Tirupati Urban Co-operative Bank Ltd., Nagpur (Maharashtra) The Reserve Bank of India (RBl) has imposed, by an order dated January 04, 2023, a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Tirupati Urban Co-operative Bank Ltd., Nagpur (the bank) for contravention of/ non-compliance with […]
FCA penalises Al Rayan Bank PLC for anti-money laundering failures Press Releases First published: 11/01/2023 Last updated: 11/01/2023 We have fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls. Between 1 April 2015 and 30 November 2017, Al Rayan allowed money to pass […]
Press Release January 4, 2023 Superintendent Adrienne A. Harris Announces $100 Million Settlement with Coinbase, Inc. after DFS Investigation Finds Significant Failings in the Company’s Compliance Program DFS Investigation Found Wide-Ranging and Long-Standing Failures in Coinbase, Inc.’s Anti-Money Laundering Program, Including with Regard to its Know Your Customer/Customer Due Diligence, […]
FCA fines Guaranty Trust Bank (UK) Limited £7.6 million for further failures in its anti-money laundering systems and controls Press Releases First published: 10/01/2023 Last updated: 10/01/2023 The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between […]
Gambling business AG Communications Limited fined £237,600 30 November 2022 Gambling operator AG Communications will pay a £237,600 penalty for anti-money laundering (AML) failures. The operator – which trades as Aspire Global and runs 66 websites – will also receive an official warning and have conditions added to its licence. AML breaches […]
Settlement Agreement between the U.S. Department of the Treasury’s Office of Foreign Assets Control and Danfoss A/S 12/30/2022 The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) today announced a settlement with Danfoss A/S (“Danfoss”), a multinational Danish company that manufactures and sells refrigeration and other […]
Department of Justice Office of Public Affairs FOR IMMEDIATE RELEASE Monday, December 19, 2022 Honeywell UOP to Pay Over $160 Million to Resolve Foreign Bribery Investigations in U.S. and Brazil UOP LLC, doing business as Honeywell UOP, a U.S.-based subsidiary of Honeywell International Inc., has agreed to pay more than […]
Mr. Watchlist 